Overview
What is Pension Comm Joint Industry Board Of The Electrical Industry?
The Pension Comm Joint Industry Board of the Electrical Industry is a nonprofit organization, established to extend medical and additional benefits to eligible members of the electrical industry. Based in Flushing, New York, the Board collects and invests funds contributed by electrical contractors under a three-year collective bargaining agreement between the participating employers and Local Union No 3 of the International Brotherhood of Electrical Contractors. This collaboration aims to provide essential benefits to its members.
Official website here: www.jibei.org
Is Pension Comm Joint Industry Board Of The Electrical Industry legitimate?
Pension Comm Joint Industry Board Of The Electrical Industry is a legitimate nonprofit organization registered as a 501(c)(9) entity. Pension Comm Joint Industry Board Of The Electrical Industry submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.jibei.org
What is the mission statement of Pension Comm Joint Industry Board Of The Electrical Industry?
The Pension Comm Joint Industry Board of the Electrical Industry focuses on providing medical and other benefits to eligible members of the electrical industry. They carry out this mission by collecting and investing funds from electrical contractors in accordance with a three-year collective bargaining agreement between the participating employers and Local Union No 3 of the International Brotherhood of Electrical Contractors. The primary objective of the Board is to administer these benefits under the agreed terms. By pooling resources, the organization ensures that members have access to essential benefits, enhancing their overall well-being within the electrical industry.
Official website here: www.jibei.org
What is the revenue of Pension Comm Joint Industry Board Of The Electrical Industry?
Pension Comm Joint Industry Board Of The Electrical Industry's revenue in 2023 was $466,330,019.
Official website here: www.jibei.org
Who are the executives of Pension Comm Joint Industry Board Of The Electrical Industry and what are their salaries?
There 19 volunteers at Pension Comm Joint Industry Board Of The Electrical Industry.
Here are 19 key members and their salaries:
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Official website here: www.jibei.org
Where can I find the form 990 for Pension Comm Joint Industry Board Of The Electrical Industry?
Pension Comm Joint Industry Board Of The Electrical Industry's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.jibei.org
Learn more at the official website: www.jibei.org
Mission Statement of Pension Comm Joint Industry Board Of The Electrical Industry
The Pension Comm Joint Industry Board of the Electrical Industry is a nonprofit organization dedicated to providing medical and other benefits to eligible members of the electrical industry. The Board serves as a crucial intermediary between electrical contractors and Local Union No 3 of the International Brotherhood of Electrical Contractors, facilitating the collection and investment of funds for the provision of these benefits.
Under the terms of a collective bargaining agreement between participating employers and the union, the Pension Comm Joint Industry Board assumes the role of managing and administering the benefits program. This three-year agreement outlines the principles upon which the Board operates, with the primary focus being the delivery of medical and additional benefits to qualified individuals in the electrical industry.
By pooling resources from electrical contractors, the Pension Comm Joint Industry Board is able to provide a comprehensive benefits package to its members. The organization's mission is to ensure that the electrical industry workforce has access to essential healthcare and support services, enhancing their overall well-being and enabling them to maintain their professional commitments within the industry.
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Impact
October, 2024
The Pension Comm Joint Industry Board Of The Electrical Industry plays a crucial role in the well-being of workers within the electrical industry by providing essential medical and other benefits. Its activities focus on collecting and investing funds contributed by electrical contractors, facilitating the provision of benefits as outlined in collective bargaining agreements with Local Union No 3 of the International Brotherhood of Electrical Contractors, AFL-CIO. This support not only enhances the financial security and health of eligible members but also fosters a more stable and productive workforce within the electrical sector. By fulfilling its mission, the board contributes to a more sustainable working environment, enhancing the quality of life for its members and their families.
This information is meant to be a general summary of Pension Comm Joint Industry Board Of The Electrical Industry. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $6,090,247
- Program Service Revenue: $453,839,351
- Gross Receipts: $875,562,054
Assets and Liabilities:
- Total Assets: $368,981,107
- Total Liabilities: $87,820,603
- Net Assets: $281,160,504
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYERS CONTRIBUTIIONS
Revenue
$434,326,459
OTHER CONTRIBUTIONS
Revenue
$16,970,343
AMOUNTS RECEIVED UNDER RECIPROCAL
Revenue
$2,542,549
Organization Details
Founding Year
1946
Principal Officer
Humberto Restrepo
Website
www.jibei.orgNTEE Category
Code: Y40 - Mutual benefit
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